Inernational Workshop

New Environmental Challenges for Fiscal, Monetary, and Macroprudential Policy

CefES International Workshop

16-17 January 2025 - Centre for Econometric Analysis, Bayes Business School

Workshop description

The Rimini Centre for Economic Analysis-Europe (RCEA-Europe) at DEMS-UNIMIB, the Centre for Econometric Analysis of the Bayes Business School, the European Central Bank, the Bank of Englandthe European Institute at the LSE, and the Center for European Studies at DEMS-UNIMIB, invite submissions for The Second International Conference on the Climate-Macro-Finance Interface: “New Environmental Challenges for Fiscal, Monetary, and Macroprudential Policy”. 

The macro-financial implications of unabated climate change and environmental degradation rightly trigger diverse responses by policymakers, academics, firms, and the public. The conference aims to bring together expertise concerning, amongst others, environmental stress tests for banks and financial institutions, in-depth studies of financial markets pricing of transition and physical risks, the study of monetary and fiscal policy strategies to foster and fund the green transition, scenario analyses to evaluate the impact on economic activity of a changing environmental context, and econometric tools for the measurement and forecasting of changing climatic conditions and risk.

While some progress has been made in studying the climate-macro-finance interface, more theoretical and empirical modeling developments are needed to account for nonlinearities, cumulative causations, and amplifying mechanisms. Much more is left to do regarding the understanding of the emerging biodiversity risk and structural changes concerning the various sectors responsible for greenhouse gas (GHG) emissions and environmental degradation.

Topics of particular interest for the conference are:

  • Green transition and challenges: fossil fuels phasing out, sustainable energy, critical minerals, value chain disruptions, deglobalization.
  • Fiscal, monetary, and macroprudential policies for adaptation and mitigation.
  • Environmental risk insurance, reinsurance,  Catastrophe (CAT)-bonds pricing, and risk distribution regulation.
  • Sources and impacts of nonlinearities in climate change, biodiversity loss dynamics, and improved environmental stress tests and scenario analysis.
  • The macro-finance of climatic and biodiversity risks and advances in climate and environmental finance.
  • Policy challenges from persistent adverse international supply-side developments and early warnings of compound macroeconomic, financial, and geopolitical risk and uncertainty.
  • Climate econometrics: measuring and forecasting evolving climatic conditions, sources attribution, and risk.

Event Information

Event Information Panel

Date

16-17 January 2025


Location

Centre for Econometric Analysis, Bayes Business School


Organizers

Local Organizers

Scientific Committee

For any information request, please contact us at: cefes@unimib.it

Jointly organized with:

Keynote Speakers

 

Invited plenary sessions 

Two invited plenary sessions will be organized by the European Central Bank and the Bank of England.

 

The Conference Programme will be available online on 30 November 2024

Submissions

Deadline: 31 May 2024

Papers submitted to the conference might be considered for publication in a special issue of the European Economic Review on "Macroeconomic Regime Changes: Theory, Evidence, and Policy Challenges".

The submission deadline for this special issue is 30 October 2024.

Please see here for the call for papers and submission instructions. 

Centre for Econometric Analysis, Bayes Business School, London

The conference is in-person and will be held at Bayes Business School  (formerly Cass), 106 Bunhill Row, London EC1Y 8TZ (UK).

Rooms: LG001, 2002, 2003, 2004, 2005, 2006.